It is never too early to start thinking about what deductions might be available to you at tax time. After all you need to keep records and receipts. If you are a teacher and not sure what expenses are tax deductible – read on. Here are 10 common tax deductions for teachers: It’s important to …
The NSW Government has announced a new support package of more than $1 billion to help small businesses and the performing arts recover from the impacts of the Covid-10 Omicron wave. Are you eligible for any of the programs listed below? Small Business Support Program To be eligible, your business must have a $75,000 to …
Additional financial support from the NSW Government Read More »
Stapled Super Fund From 1 November, if employer have new employees commence, employer may have an extra step to comply with the choice of fund rules. If a new employee doesn’t choose a super fund, employer may need to request employees’ stapled super fund’ details from the Australian Taxation Office (ATO). Stapled Superannuation fund is an …
Director ID is a unique identifier that directors need to apply for once and keep it forever. From November 2021 directors will need to verify their identity as part of a new Director ID requirement. When to apply You can apply for Director ID from November 2021. If you are planning to become a director, …
Individuals Personal Income Tax Cut Stage 2 of the personal Income Tax Plan – Tax Cut apply from 1 July 2021 as follows: The upper threshold of the 19% personal income tax bracket was raised from $37,000 t0 $45,000 The upper threshold of the 32.5% personal income tax bracket was raised from $90,000 to $120,000 …
All businesses are different and no bookkeepers are the same. Even though I might be very good at what I do (even if I say so myself 😊) I won’t be the right fit for everyone. We all have our own style, preferences and expectations.
The coronavirus has a great impact on many individuals and businesses in Australia. The Australian Government has introduced supplements to assists individuals and businesses during this pandemic. Two well-known supplements are The Jobkeeper and Jobseeker payments. The Jobkeeper Payment Jobkeeper payment is administered by the Australian Taxation Office (ATO). It is a payment ATO made …
Difference between the Jobkeeper and Jobseeker payment Read More »
WHAT IS SINGLE TOUCH PAYROLL? Single Touch Payroll (STP) is a recent legislation change, which means that each time you pay your employees you also have to send payroll information to the ATO. Information to be sent is: employee salary and wages PAYG withholding superannuation You can find out more about what you need to …
